Kulkarni Ashutosh 4
4 · Elastic N.V. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Elastic CEO Ashutosh Kulkarni Sells 17,756 Shares
What Happened
Ashutosh Kulkarni, CEO of Elastic N.V. (ESTC), sold 17,756 ordinary shares on 2026-03-09 at $52.28 per share, generating proceeds of roughly $928,284. This was a sale (not a buy) and appears to be a routine sell-to-cover related to equity vesting rather than a discretionary open-market trade.
Key Details
- Transaction date and price: 2026-03-09, sale at $52.28 per share.
- Quantity and proceeds: 17,756 shares sold for approximately $928,284.
- Reason / footnote: Footnote F1 states the shares were sold to satisfy the Reporting Person's tax obligations on vested performance-based RSUs and RSUs; the sale was mandated by the issuer's equity incentive plan ("sell to cover").
- Filing: Report filed 2026-03-10 for the 2026-03-09 transaction (appears timely).
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
Sell-to-cover transactions are common when restricted stock units vest and employers or plans require withholding for taxes. Because this sale was mandated to cover tax obligations (per the issuer's plan), it should not be interpreted as a discretionary signal about management's view of Elastic's stock.
Insider Transaction Report
Form 4
Elastic N.V.ESTC
Kulkarni Ashutosh
DirectorChief Executive Officer
Transactions
- Sale
Ordinary Shares
[F1]2026-03-09$52.28/sh−17,756$928,284→ 409,145 total
Footnotes (1)
- [F1]The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of performance-based restricted stock units and restricted stock units. The sales were mandated by the Issuer's equity incentive plan which requires the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
Signature
/s/ Marielle Reints, by power of attorney|2026-03-10